Iranian Energy Minister Ali Akbar Mehrabian and President of Iran Chamber of Commerce Gholam Hossein Shafei arrived in Qatar on Sunday to attend a joint economic commission regularly held between the two countries.
Iranian Oil Minister Javad Owji says the country has reached agreements with Turkmenistan and Azerbaijan to double the amount of natural gas exchanged between the three as part of a deal reached in November.
An Iranian official says the country’s oil revenues have increased by more than 60% in the two months to late May compared to the similar period last year.
Figures by the Statistical Center of Iran (SCI) show that the country’s unemployment rate dropped slightly in the year to March 20.
Iran and Russia may introduce major barter arrangements to facilitate trade between the two countries, including a plan that could allow Iran to import steel from Russia in return for exports of car parts and gas turbines to the country.
Iran plans to set up joint ventures with major global manufacturers of locomotives, including the General Electric and Siemens, as part of plans to expand its railways.
Iran and Russia have signed three major memoranda of understanding (MoU) to expand energy and banking ties, says Iran’s Oil Minister Javad Owji.
Iran and Oman have signed 12 cooperation documents and memorandums of understanding for the expansion of bilateral cooperation in various fields, as Iranian President Ebrahim Raeisi visits the Persian Gulf sultanate.
Minister of Petroleum Javad Owji says Iran agreed to form a committee with Oman to jointly develop the Hengam oilfield, which straddles their sea border.
Electricity use in Iran has peaked to an annual high of 50 megawatts (MW) per hour as authorities expect the consumption to rise in the coming days with a warm spell driving up cooling demand across the country.